The chart shows the S&P / Case - Shiller National Home Price Index (
red, numbers of the right hand scale), sales of existing homes at annual rates (dark blue, in millions of
houses per year on the left hand scale) and the
inventory - sales ratio or months - supply (green, also on the left).
Another trend spurring on this emerging trend of advances on commissions is the
red hot condo market in Canada's major cities, now that the price gap between
houses and condos has widened and there is a significant volume of new
inventory being built.